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IT stocks - BSE IT was the weakest performing sectoral index in Monday's trading session. The index has plunged by 2.87 per cent with TCS, Coforge, Mphasis, Mindtree being the top losing stocks within the index.
IT stocks - On Thursday, the IT stocks experienced a bull run. BSE IT Index gained 1.54 per cent in Thursday's trading session. Among the top gaining stocks within the IT Index, Zensar Technologies, Sasken Technologies and Nelco were the stocks hitting their 52-week high price.
#MarketswithMC | In 2021 so far, 15 BSE IT stocks have turned multibaggers. Majesco led the pack with a gain of over 400% followed by Brightcom Group and Happiest Minds Technologies. Full list at by @RiteshPresswala | #StockMarket #StockstoWatch
S&P BSE Information Technology index added over 106 percent supported by the Tanla Platforms, Intellect Design Arena, Subex, Ramco System, Mastek, 3i Infotech and KPIT Technologies. The stocks from the space rose 400-1583 percent during FY21.
BSE IT settled 3.51 percent higher, gaining from the rupee's weakness against the dollar. The Indian currency traded near a three-week low against the dollar. IT stocks gain on a stronger American currency as a major portion of their revenue comes in dollar.
BSE IT index closed 1.70 percent higher. On the flip side, BSE telecom fell over a percent, so did finance, oil & gas and realty.
In November 2020, among the various sector benchmarks, top gainer was S&P #BSE Metal which rose by 24.5%, whereas S&P BSE IT saw the least growth with returns of 2.7% #StockMarketNews #StockMarket
Selling pressure was seen in the BSE IT index, which slipped 0.7 percent. The Healthcare index was down 0.40 percent and the auto index slipped 0.22 percent.
In September 2020, among the various sector benchmarks, top gainer was S&P BSE IT which rose by 10.7%, whereas S&P BSE PSU fell the most with returns of -11.8%. #MutualFunds #StockMarket